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Did you send a real spy glass this time and not a Kaleidoscope?
Isn't smell evidence enough?...If one of the 5 sensories alert you, must you wait for the other four before you stop? That's the problem with the American judicial system, wanting undeniable evidence when one is plenty enough...in other countries just the fact someone saw another person steal a property is evidence enough...we lost touch of our own moral standards because those who claim that someone stole something who may be lying lost touch with their own moral standard causing those who judge another in court to do the same...let us simplify and go back to basics then truth shall prevail, otherwise it is just another lie...
Must one eat and taste dung to say it is dung? I know I don't...I suppose not everyone is wired the same way...
The entire thing was a sham to begin with...GSE's never needed a bailout...it was a forced taking of a private company...you can call it a contract all you want but the fact of the matter is that the government acted as a bully...the two companies are immensely profitable and the government has always wanted the two companies back ever since it was sold to support the cold war...
It doesn't matter which one it is...you're still referring to a takings...the only difference is the amount of 10% vs. 100%...when you have a collateral that is being used by a lender and the lender receives a payment for the borrowed amount in excess of the original agreed amount (in your case the 2008 agreement of 10%) then that collateral can not be sold to recover any additional value to recover or for profit for the said loan...that loan value would then be categorized as repaid in full not screw you we still want more interest...
So you're saying a bank can keep the home as collateral even though you paid off your loan? Where do you live so that I make sure that I stay away from there...
Now is not the time to study the root causes...now is the time to recapitalize and release. They know the GSE's weren't the cause of the crash. GSE's did their job of recovering the economy very well in a deep recession which was the reason why the GSE's were formed after the Great Depression...to prevent another depression. The government always wanted to take back the GSE's after it was sold to pay for the Vietnam war due to the immense profitability (it paid for one of the most costly war of all time, think about it)...this recession was the fine opportunity to do so...
1 pound
I suppose since where there's red then there's always pink due to Ms. Piggy following Kermit...lol
Must've been in a hurry to buy commons...lol...good news from the court(s) perhaps?
Did u say hi to Dorothy for us all and ask the Wizard to release the GSE's from conservatorship?
No one is against a reform...that's fine...reform all they want, but give shareholders their share of the pie while they're reforming...20.01% is what's fair during the reform process...changing the legislation doesn't mean take 100% profit while doing so...I think that's what everyone is so angry about it...at the same token in an economic downturn we'll take 20.01% of the responsibilty during the transition that way we have a shared responsibility/profit that will steer away from a full taxpayer backstop...there's plenty of private investors that's willing to take that risk so long as we understand that the government is not trying to replace the two institutions, but more so to change the way how they were doing business in the past...just a sense of going on the path to recovery with modification is all that we need as a sense of assurance...nothing more nothing less...that itself would have eliminated all these lawsuits to begin with...yet greed played a large role when Treasury and FHFA made these unlawful changes that stired up the pot with frustration and anger...
Where are all the gap lovers when you see one above?...always gap this gap that when it's below but when there's one above, they're no where to be found...
It'll take a lot more than this to curb the 50ma to avoid...
They're already doing this through CSS...what makes this plan any different other than changing the name and using the GSE's profits to implement the name change? Hillary might as well try to take credit for everything else that the GSE's are changing on their own just like what she did with the Clinton Foundation when she changed that name to Hillary Foundation...she's doing nothing more than taking credit for other people's work...plagiarize much?...Might as well...
Within 30 days for some...month or two for others...
Here again...don't post about FNMAS on FNMA commons if your topic is about you holding FNMAS
Saying something does not constitute it legal to do so...
Doh...this one''s alive still...lol...
My how much tides have turned...I remember how bulls used to read and post not so well known company articles and post here...Now the bulls are posting from well know companies such as New York Times and shorties are trying to rely on those company articles that they used to claim has no weight bearing...lol...how does it feel these days shorties?...sorry but the bulls are completely in charge lately...
I knew those red eyes in a green frog was deceiving...truth be told in a person...and no it's a delusional sign that gives shorties hope so artificial shares are produced due to lack of shares at cheap prices...be careful on shorting this stock right now don't fall for the trap Mr. San Diego...
Looks like a big fat "W" formation to me...looking good!
The Insider and EVP – Chief Risk Officer of NMI Holdings Inc (NASDAQ:NMIH), Patrick Mathis, Made a Purchase of 20,000 Sharesby Franklin Staff — May 5, 2016
Patrick Mathis Insider Buy
The insider, and Nmi Holdings Inc’s EVP – Chief Risk Officer, Patrick Mathis, picked up 20,000 company shares on May 4, 2016, worth around $125,600 (at $6.3 of a share). It seems he is very active lately as in the last 30 days, he silently acquired additional shares of the company, worth $ USD. The insider’s shares were obtained on May 4, 2016 and the Form 4 that contains the source information, filed with the DC-based SEC can be accessed here. Due to the significance of this trade, it will not stay hidden. He owns 0.16% of the -company’s market cap with a total of 91,077 shares.
Out of 5 analysts covering NMI Holdings (NASDAQ:NMIH), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $10 is the highest target while $8 is the lowest. The $8.9 average target is 34.49% above today’s ($6.32) stock price. NMI Holdings has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Compass Point maintained the stock on February 19 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of NMIH in a report on February 19 with “Outperform” rating. Lastly, JMP Securities upgraded the stock to “Outperform” rating in an August 5 report.
The institutional sentiment decreased to 1.06 in 2015 Q4. Its down 1.23, from 2.29 in 2015Q3. The ratio fall, as 15 funds sold all NMI Holdings Inc shares owned while 32 reduced positions. 16 funds bought stakes while 34 increased positions. They now own 47.32 million shares or 0.08% less from 47.35 million shares in 2015Q3.
Claren Road Asset Management Llc holds 96.21% of its portfolio in NMI Holdings Inc for 3.00 million shares. Hayman Capital Management L.P. owns 7.37 million shares or 62.26% of their US portfolio. Moreover, Glendon Capital Management Lp has 3.04% invested in the company for 848,647 shares. The New York-based V3 Capital Management L.P. has invested 2.11% in the stock. Marathon Asset Management Lp, a New York-based fund reported 1.64 million shares.
The stock decreased 0.47% or $0.03 during the last trading session, hitting $6.32. About 237,059 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has declined 16.51% since September 29, 2015 and is downtrending. It has underperformed by 25.38% the S&P500.
NMI Holdings, Inc. provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The company has a market cap of $377.55 million. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI well-known provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)). It currently has negative earnings. The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One, provides reinsurance to NMIC on certain loans insured by NMIC.
According to Zacks Investment Research, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California.”
http://www.franklinindependent.com/the-insider-and-evp-chief-risk-officer-of-nmi-holdings-inc-nasdaqnmih-patrick-mathis-made-a-purchase-of-20000-shares/
Bullish, bullish, very bullish, bullish...
Lol...is it a death cross...or isn't it?
Try fear of self-incrimination...
It sounded like he was telling Corker to keep on topic by saying he's willing to come back when and if the other discussions will be heard...which is only respectful to other members of the panel who are there for the purposes of aging and pharmaceutical discussion...quit wasting other peoples valuable time and tax payer's money...
Why in the world is Corker bringing the topic of housing into a pharmaceutical discussion? It makes Corker sound so desperate or trying to shift Ackman from supporting the GSE's. It makes Corker look like there's an underlining reason why he brought this discussion that isn't even related to the discussion at hand and is completely off the wall topic which may hint that he's under some severe pressure whether it's political, legal or monetary...
I was referring to the Perry case...
And if you like the hail mary case?
A price can be attached all day however without motivation to do so...being the fact that the GSE's are cash cows now it's a problem unless one side us willing to take less immediate profits that's currently free spending money...guess which side that would be?
It has been an ongoing discussion in the early stages with the Perry Capital case as well as in Congress...I am copying excerpts of their findings below...also according to Treasury the dividend suspension only applies to junior preferreds and commons and not the senior preferreds. Any Federally regulated entity under conservatorship that is facing severely undercapitalized status would have their dividends supended...treasury claims to have corrected this by injecting up to 200 billion as an ongoing capital so that Treasury can do a net worth sweep. The issue with that is it deters private capital to take stake in the GSE's while the Treasury has almost 80% stake due to investors wanting a return on their investment...so the current dilemma is how to exit the government while attracting private investors...so they say...
12 U.S. Code § 4501 - Congressional findings
The Congress finds that—
(1) the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (referred to in this section collectively as the “enterprises”), and the Federal Home Loan Banks (referred to in this section as the “Banks”), have important public missions that are reflected in the statutes and charter Acts establishing the Banks and the enterprises;
(2) because the continued ability of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to accomplish their public missions is important to providing housing in the United States and the health of the Nation’s economy, more effective Federal regulation is needed to reduce the risk of failure of the enterprises;
(3) considering the current operating procedures of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Home Loan Banks, the enterprises and the Banks currently pose low financial risk of insolvency;
(4) neither the enterprises nor the Banks, nor any securities or obligations issued by the enterprises or the Banks, are backed by the full faith and credit of the United States;
(5) an entity regulating the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation should have sufficient autonomy from the enterprises and special interest groups;
(6) an entity regulating such enterprises should have the authority to establish capital standards, require financial disclosure, prescribe adequate standards for books and records and other internal controls, conduct examinations when necessary, and enforce compliance with the standards and rules that it establishes;
(7) the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation have an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return; and
(8) the Federal Home Loan Bank Act [12 U.S.C. 1421 et seq.] should be amended to emphasize that providing for financial safety and soundness of the Federal Home Loan Banks is the primary mission of the Federal Housing Finance Board.
https://www.law.cornell.edu/uscode/text/12/4501
The Code of Laws of the United States of America (variously abbreviated to Code of Laws of the United States, United States Code, U.S. Code, or U.S.C.) is the official compilation and codification of the general and permanent federal statutes of the United States. It contains 52 titles, and a further two titles have been proposed. The main edition is published every six years by the Office of the Law Revision Counsel of the House of Representatives, and cumulative supplements are published annually. The official version of those laws not codified in the United States Code can be found in United States Statutes at Large.
https://en.m.wikipedia.org/wiki/United_States_Code
It also means inability to distribute funds towards the CSS, trust/magnet funds, distribution of any dividend payments regardless of class...so they violated the rules and regulations of private corporations under conservatorship by executing and implementing changes that would cause the GSE's to face even more hardship...
The problem is not within the GSE's...it was the deregulation of Glass-Steagall along with government requiring more affording housing for people who are collecting welfare...so the banks (generalizing the category) got creative to a point that it didn't work and now they're covering their tracks by blaming it on the GSE's after using them to bailout the banks for their mistakes and now using the GSE's as a scapegoat...until they've come up with a solution including the shareholders there's no proposal that will be looked at as a comprehensive resolution...fixing portions of the past government mistakes will not deter another bubble...this is what it is... they're not fixing HOUSING they're fixing housing so government can't meddle with it again...the GSE's are already fixing themselves via the government regulator (FHFA). All they need to do now is figure out a way to take on people with welfare poverty level to afford housing without causing a high risk to taxpayers...that's where the capital buffer issue is and who will back it up...by mixing up high risk portfolios with less risky portfolios then turn around and selling investors through the common securitization platform these portfolios are like covering the gap between rich and poor...it's a way of taking from the rich and giving to the poor by giving housing they can't afford to begin with...you can't just cut off the rotting leg from diabetes and throw it into the incinerator, so the government is trying to find a cure for the disease is what it is...kind of a blunt way to put it, but it is what it is...
Not at all...just don't want to be mistaken for those who are posting here with misleading information...got to stay focused and disseminate truth from lies...
I dare not attack you...only expressing my personal view and opinion...
Not much proof reading done before being sent on a legal document. "Freddie Mae"? That's surely going to relay that he means business...